The Sacramento Bee reports on a new study by the California Public Policy Center that shows California's state and local governments are at least $648 billion in debt and the total could surpass $1.1 trillion.

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Union Watchdog editorial breaking down exactly how big California's "Wall of Debt" is and what it consists of.

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Mark Landsbaum of the Orange County Register reports that the State of California is now the most indebted state in the union with $617 billion in debt and criticizes Governor Brown for his short sighted solutions that would only address a fraction of the problem.

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Matthew DeBord from Southern California Public Radio reports that California is over ten times more in debt than the $28 billion figure Governor Brown stated when he went into office. Among the commonly stated reasons for this, one of note is that the State's tax system relies far too much on the incomes of the wealthy, and in particular on income derived from capital gains.

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Kimberly Dvorak of Examiner.com explains howo verly optimistic tax receipts combined with higher state expenditures are contributing factors for California's budget crisis. She quotes George Runner of the State Board of Equalization as saying, "rather than fight for jobs, the Governor is pushing tax hikes that will drive even more jobs and investment away from California."

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